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40
What is a trust? Is it legal?
A trust is when the control of several firms is handled by several "trustees." Shareholders of various competing firms hand over shares and voting rights in return for "certificates of trust."
It was legal until the 1890s when it was outlawed.
It was legal until the 1890s when it was outlawed.
Flashcard info:
Author: savhighsmith
Main topic: Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 12.10.2010